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Senegal revoked Atlas Oranto's oil license in Sept. 2025 for failing to meet financial and drilling requirements, reclaiming control to boost hydrocarbon development.
Senegal has revoked the offshore oil exploration licence of Atlas Oranto Petroleum, linked to Nigerian entrepreneur Arthur Eze, in September 2025 due to unmet financial and operational requirements, including failure to provide bank guarantees and conduct drilling despite the Cayar Offshore Shallow block being awarded in 2008.
The 3,600-square-kilometre area north of Dakar remains underexplored, prompting the government under President Bassirou Diomaye Faye to reclaim control to enforce compliance and accelerate hydrocarbon development.
The move aligns with a growing African trend of reassessing inactive oil contracts.
Meanwhile, Atlas Oranto secured new production-sharing agreements in Liberia in September 2025 for four offshore blocks, with planned investments exceeding $200 million per block and signature bonuses of $12–15 million.
Senegal revocó la licencia petrolera de Atlas Oranto en septiembre de 2025 por no cumplir con los requisitos financieros y de perforación, recobrando el control para impulsar el desarrollo de hidrocarburos.